EconSource: Egypt Signs $350 Million Financing Deal With Saudi Arabia

Egypt signed a $350 million financing agreement with Saudi Arabia on Saturday, November 1. The money is aimed at upgrading the country’s power grid and securing imports of petroleum products. Egypt is currently facing its worst energy crisis in decades.   [Gulf News]

Yemen and UNDP sign $9.8 million project
Yemen and the United Nations Development Program have signed a $9.8 million document for the “Strengthening Civil Service and Human Resources Management Project.” The three-year project is aimed at addressing the general structure of the public service in Yemen as well as the issue of ghost workers and double dippers.  [SABA]

Jordan’s unemployment rate drops to 11.4 percent in third quarter
Unemployment in Jordan reached 11.4 percent in the third quarter of 2014, reflecting a drop of 0.6 percent compared to the second quarter of 2014. The drop was attributed to new employment policies in the public and private sectors, which expanded the job market. The Jordanian Cabinet also endorsed the draft state budget law for 2015 estimating a slight expansion in spending and a deficit of JD688 million. [Zawya]

Also of Interest:
Tunisia ponders next move | Zawya
Egypt’s economic bonanza | Khaleeej Times
Morocco: Oil products’ prices down as of November 1, diesel fuel unchanged | MAP
Syria’s People’s Assembly approves bills on income tax fines and on bank loans | Zawya
IMF plans to discuss Egypt’s economic and fiscal policies on November 11 | Zawya